AT&T Inc. (T) Shares Bought by Camarda Financial Advisors LLC

Camarda Financial Advisors LLC boosted its stake in AT&T Inc. (NYSE:T) by 337.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,831 shares of the technology company’s stock after purchasing an additional 60,813 shares during the period. AT&T comprises 2.7% of Camarda Financial Advisors LLC’s investment portfolio, making the stock its 6th largest position. Camarda Financial Advisors LLC’s holdings in AT&T were worth $2,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc increased its stake in shares of AT&T by 0.6% during the third quarter. Vanguard Group Inc now owns 531,005,481 shares of the technology company’s stock valued at $17,831,164,000 after buying an additional 3,379,045 shares during the period. Vanguard Group Inc. increased its stake in shares of AT&T by 0.6% during the third quarter. Vanguard Group Inc. now owns 531,005,481 shares of the technology company’s stock valued at $17,831,164,000 after buying an additional 3,379,045 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of AT&T by 155.7% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 3,813,062 shares of the technology company’s stock valued at $128,043,000 after buying an additional 2,321,960 shares during the period. Rehmann Capital Advisory Group increased its stake in shares of AT&T by 3,209.0% during the third quarter. Rehmann Capital Advisory Group now owns 2,149,677 shares of the technology company’s stock valued at $1,380,676,000 after buying an additional 2,084,713 shares during the period. Finally, NN Investment Partners Holdings N.V. increased its stake in shares of AT&T by 708.0% during the third quarter. NN Investment Partners Holdings N.V. now owns 1,387,817 shares of the technology company’s stock valued at $46,604,000 after buying an additional 1,216,059 shares during the period. 64.59% of the stock is currently owned by institutional investors and hedge funds.

AT&T stock opened at $32.03 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.80 and a current ratio of 0.80. AT&T Inc. has a 12 month low of $26.80 and a 12 month high of $35.33. The firm has a market capitalization of $196.63 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 1.35 and a beta of 0.59.

AT&T (NYSE:T) last released its earnings results on Wednesday, January 30th. The technology company reported $0.86 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.86. AT&T had a return on equity of 13.47% and a net margin of 11.34%. The business had revenue of $47.99 billion for the quarter, compared to the consensus estimate of $48.50 billion. During the same period in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. On average, research analysts predict that AT&T Inc. will post 3.59 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 6.37%. The ex-dividend date is Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is 57.95%.

In other AT&T news, CEO John T. Stankey sold 3,748 shares of the business’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $29.84, for a total value of $111,840.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.07% of the company’s stock.

Several equities research analysts recently weighed in on T shares. Desjardins restated an “average” rating and set a $56.50 price target on shares of AT&T in a research report on Friday, April 5th. Cowen restated a “buy” rating and set a $35.00 price target on shares of AT&T in a research report on Thursday, January 31st. Barclays set a $32.00 price target on AT&T and gave the company a “hold” rating in a research report on Friday, January 18th. Raymond James upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a research report on Friday, March 15th. They noted that the move was a valuation call. Finally, ValuEngine upgraded AT&T from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 20th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. AT&T currently has a consensus rating of “Hold” and an average price target of $36.26.

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AT&T Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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